| ▲ | trollbridge 3 hours ago | ||||||||||||||||||||||||||||||||||||||||||||||
Some people think that being the exclusive supplier of iOS based devices is a “monopoly”. | |||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | twoodfin 2 hours ago | parent | next [-] | ||||||||||||||||||||||||||||||||||||||||||||||
Also, I’ve observed a rhetorical trend among the “anti-bigness” crowd towards defining “monopoly” down: “You may think a monopoly is an overwhelmingly dominant position as a supplier of a good or service, but that’s just naive popular economics! Acshually, according to the latest economic theories (by economists who share our politics), a monopoly is any firm that is big enough to have market power—like pricing power—to do things that can harm a competitor unfairly.” Us dummies will keep calling that competition. | |||||||||||||||||||||||||||||||||||||||||||||||
| ▲ | vel0city 2 hours ago | parent | prev [-] | ||||||||||||||||||||||||||||||||||||||||||||||
McDonald's is the exclusive supplier of Big Macs and McNuggets. They're a monopoly. | |||||||||||||||||||||||||||||||||||||||||||||||
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